The Youth Employment Agency (YEA) recorded a major financial turnaround in 2025, moving from a GHS77.58 million deficit in 2024 to a GHS110.45 million surplus in 2025, according to the 2025 State Ownership Report by State Interest and Governance Authority(SIGA).
The turnaround represents an improvement of approximately GHS188.03 million and was driven largely by a 52.9 per cent increase in revenue, which outpaced the 18.6 per cent growth in expenditure.
Income from the Communication Service Tax rose by 27.5 per cent, from GHS472.13 million in 2024 to GHS602.01 million in 2025, while GETFund receipts increased by 159.7 per cent from GHS115.50 million to GHS300 million.
The report, however, noted that the Agency remained exposed to revenue concentration risks, while staff-related costs recorded a sharp increase.
Compensation of employees rose by 79.6 per cent, from GHS103.28 million in 2024 to GHS185.48 million in 2025, increasing its share of total expenditure from 15.4 per cent to 23.4 per cent.
Despite this, YEA’s surplus margin improved from negative 13.13 per cent in 2024 to a positive 12.23 per cent in 2025.
This means that for every GHS1.00 of revenue generated in 2025, the Agency spent approximately GHS0.88, compared with GHS1.13 spent for every GHS1.00 earned in 2024.
The Agency also recorded a significant improvement in short-term solvency, with its current ratio rising from 1.94:1 in 2024 to 20.05:1 in 2025.
The report attributed the improvement to the buildup of cash and receivables following the strong financial performance.
YEA’s long-term financial position also strengthened, with its debt-to-asset ratio falling from 0.26:1 to 0.04:1.
Net assets more than doubled from GHS88.18 million in 2024 to GHS199.21 million in 2025, while total assets increased by 74.6 per cent to GHS207.18 million, providing the Agency with a stronger equity base and lower debt exposure.
